Govt rolls out RM710m package, RM10b guarantees to cushion job losses and support SMEs (opens original article in a new tab)

The Malaysian government introduced a RM710 million labour market resilience package and RM10 billion SME financing guarantees to mitigate job losses and support businesses amid global economic challenges. Key components include the SME Stabilisation Relief Facility and the PACE programme for employment and training initiatives.

• Government announced RM710 million labour market resilience package and RM10 billion SME financing guarantees
• RM5 billion SME Stabilisation Relief Facility approved over RM700 million for 1,000 SMEs
• PACE package allocated RM580 million to Employment Insurance System and RM100 million for training programmes